How come Buffett sold?
What has changed since Berkshire's ownership of TSMC was made public in November? It is uncommon for Buffet to sell 86% of a stock so soon after purchasing it. But Berkshire Hathaway isn't the only company selling. According to reports from the regulatory body, other investment firms have also reduced their positions.
On January 20, 2023, TSMC revealed its fourth-quarter results. Earnings per share, gross and operational margins, and revenue all increased from the prior year, above analyst estimates. It couldn't be the justification for beginning to sell. Given how cyclical the semiconductor market is, there may be worries that the scarcity that was there while the COVID outbreak was ending. If such were the case, prices would drop, hurting.
Buffet might also be searching for the next 20% gain as he have a legacy of 10% plus per year to maintain
He also is rebalanciNg into cash and bonds incase the market crashes like what chicken genius said might happen
@TigerStars @Daily_Discussion @TigerEvents do feature me for this reason buffet sold
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